Commercial Real Estate Market in Hallowell, ME
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
17 active listings and 18 off-market properties in Hallowell, ME.
Market Trends
Hallowell, ME spans 5.9 square miles in Kennebec County, Maine. Figures below refresh monthly; last updated 31 August 2026.
Office
Office space in Hallowell, ME asks $95/SF to buy. Vacancy runs 19.9% across the Northeast region in 2025, up from 13.1% in 2019.
Average Sale Price $/SF
Listings
Vacancy Rate % in Northeast region
Retail
Retail space in Hallowell, ME asks $127/SF to buy. Vacancy runs 6% across the Northeast region in 2025, little changed from 6% in 2019. Down from a 2020 peak of 7.1%.
Average Sale Price $/SF
Listings
Vacancy Rate % in Northeast region
Industrial
Industrial vacancy in Hallowell, ME runs 7.6% across the Northeast region in 2025, up from 5.4% in 2019. Nearly 2.4x the 2021 low of 3.2%.
Vacancy Rate % in Northeast region
Multifamily
Multifamily space in Hallowell, ME asks $118/SF to buy. Vacancy runs 5.6% across the Northeast region in 2025, up from 4% in 2022.
Average Sale Price $/SF
Listings
Vacancy Rate % in Northeast region
Market overview
Demographics & Economy
Hallowell, ME has 2,570 residents in 1,436 households. Density runs 438 people per square mile. Median household income here is $58,811 and median gross rent $830 a month.
2,570
Population
1,436
Households
1.8
Avg Household Size
51
Median Age
46%
College-Educated
92%
High-School Grad
5.9 sq mi
ZIP Area
438
Density / Sq Mi
$58,811
Median Household Income
$37,027
Median Earnings
$830
Median Rent
$266,700
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Farmingdale | — | — |
| Gardiner | — | — |
| Randolph | — | — |
| Chelsea | — | — |
Commercial property in Hallowell, ME asks $236/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Hallowell?
Commercial property in Hallowell, ME asks an average of $236 per square foot. Retail carries the highest asking price at $127/SF.
Where does Realmo's Hallowell market data come from?
Realmo compiles Hallowell, ME figures from 2 recent recorded sales, 16 active sale listings, 1 active lease listings, 18 tracked off-market properties. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 16 active for-sale and 1 active for-lease listings in Hallowell, ME. These are ASKING figures from live listings, not closed-transaction prices, and a segment carried by a handful of listings reads as indicative rather than an average.
- Vacancy rates
- Published per-sector market series, taken at the metro level where one exists and otherwise at the Census-region level — a chart reading "in <region> region" is a regional number, not this city's.
- Refresh
- The monthly aggregates close at the end of the previous month, so 31 August 2026 — not today — is the honest last update.
- Known limitations
- office vacancy is reported at Northeast region level, retail vacancy is reported at Northeast region level and industrial vacancy is reported at Northeast region level.
- Coverage
- Metrics below the 10-observation threshold fall back one geographic level. The geography used is named on each figure.
Compiled by the Realmo Data team · reviewed 31 August 2026 · report a data issue
